Please read this License Agreement ("Agreement") carefully before clicking the "I Accept the Terms & Conditions" button.

By clicking the "I Accept the Terms & Conditions" button, you are agreeing to be bound by the terms and conditions of this Agreement to use the APIs in the Sandbox.

If you do not agree to the terms of this Agreement, do not click on the "I Accept the Terms & Conditions" button and do not add the API to the list of APIs your application will access.

1. Definitions

When used in this Agreement with the initial letters capitalized, in addition to the terms defined elsewhere in this Agreement, the following terms have the following meanings:

∙ API means the UNITED BULGARIAN BANK’S (UBB) application programming interface;

∙ Intellectual Property Rights means all patents, copyright and related rights, trademarks, logo, service marks, trade, design rights, business and domain names, rights in trade dress or get-up, rights in goodwill or to sue for passing off, rights in designs, database rights, rights in confidential information (including know-how and trade secrets) and any other intellectual property rights, in each case whether registered or unregistered and including all applications for, and renewals or extensions of, such rights, and all similar or equivalent rights or forms of protection in any part of the world.

∙ Sandbox is the software testing environment that enables the isolated execution of software or programs for independent evaluation, monitoring or testing. 

2. License

UBB grants you a limited,  non-transferable, non-exclusive, as-is, non sub licensable license

to use the API for the sole purpose of developing and testing your applications.

3. Restrictions

You shall not- 

∙ change or delete any copyright, trademark, tradename or other proprietary notices, legends, symbols, or labels appearing on or in the API;

∙ Disclose, share  or divulge any of the API specifications to any third party;

∙ Represent in any way that your application is approved, recommended or endorsed by us;

∙ Disable, or by pass any security protocols or measures or technical limitations of the APIs; 

∙ Modify, decompile, reverse engineer or otherwise alter the APIs;

∙ Participate or engage in any activity which restricts, hinders, impedes, interrupts or harms the API in any way or permits unauthorised access to the API;

∙ Use the API and the content thereon for any purpose other than those expressly permitted by these Terms of Use

UBB reserves the right to modify, suspend or discontinue, temporarily or permanently, the APIs, with or without notice and without liability to you.

4. Intellectual Property

Intellectual Property Rights 

4.1 We retain all Intellectual Property Rights with respect to UBB API’s,  including content and documentation and these may not be copied, transmitted or reproduced without our  prior consent. All Intellectual Property Rights and other rights in connection with the Portal  (including without limitation, information, graphics, software, text, sounds, images, trade marks, service marks, trade names and logos) are vested in us or our licensors.   You agree that you shall not obtain any Intellectual Property Rights, title or interest in the Portal other than in accordance with these Terms of Use.

4.2  You undertake not to do anything which would bring UBB or any of it trademarks, trade names, logos, or branding into disrepute or harm the reputation and goodwill of UBB.

4.3 You acknowledge and agree that we may independently develop or create applications, content or other services or products that may be similar to and/or compete with your applications and nothing in these Terms of Use shall prevent us from exploiting any such commercial opportunities.

5. Term and Termination

This Agreement shall remain in effect until terminated by you or UBB. 

UBB may, in its sole discretion, at any time and for any or no reason, suspend or terminate this Agreement with or without prior notice.

This Agreement will terminate immediately, without prior notice from UBB, in the event that you fail to comply with any provision of this Agreement. You may also terminate this Agreement by deleting the Application on our API.

Upon termination of this Agreement, you shall cease all use of the APIs on the Sandbox.

6. Severability

If any provision of this Agreement is held to be unenforceable or invalid, such provision will be changed and interpreted to accomplish the objectives of such provision to the greatest extent possible under applicable law and the remaining provisions will continue in full force and effect.

7. Amendments to this Agreement

UBB reserves the right, at its sole discretion, to modify or replace this Agreement at any time. What constitutes a material change will be determined at our sole discretion.

8. Applicable law and jurisdiction

The provisions of the Bulgarian law shall apply to this Agreement. Disputes betwen UBB and you related to, or arising from this Agreement shall, unless settled amicably between UBB and you, be brought for resolution before the competent Bulgarian court in Sofia, Bulgaria.

The Sustainable Cities Fund has signed two agreements with the Fund of Funds and is going to distribute over BGN 342 million as loans under preferential conditions

United Bulgarian Bank (UBB), FLAG Fund, the Fund for Sustainable Urban Development (FSUD) and the Bulgarian Consultancy Organization (BCO), as a part of the especially established among them Sustainable Cities Fund (SCF), have concluded two operational agreements with the Fund of Funds for Sofia city and for Southern Bulgaria, by virtue of which they are going to distribute BGN 342.37 million. The funds are being disbursed under the financial instrument Urban Development Fund (UDF), financed under the Regions in Growth 2014 – 2020 Operational Programme and represents a continuation of the JESSICA initiative from the previous programming period (2007-2013).

Starting from the end of this year until end 2023 the partners are going to co-finance projects of total value BGN 342.37 million, as 59% of those will be co-financed by the Fund of Funds, while the remaining 41% will be ensured by the partners themselves. BGN 134.23 million out of those are intended for Sofia region, while BGN 208.14 million for Region South, as both regions encompass a total of 22 cities in 14 provinces.

Funds will represent loans for projects, relating to the urban environment, sporting and cultural infrastructure, environmentally friendly and sustainable city transport, energy efficiency of single-family residential buildings and university students’ dormitories, tourism and cultural heritage. Loans with alleviated terms, preferential fees and low interest rates will be available to municipalities, municipal companies, universities, firms, public-private partnerships and even natural persons (with energy efficiency projects).

The maximum period for repayment reaches up to 20 years for projects in the sphere of urban development and 15 years for projects in the energy efficiency domain. The maximum amount of loans for urban development purposes is BGN 40 million, while for tourism – BGN 20 million, if the site is of global significance, and BGN 10 million – if it is of national importance. In the general case the requirement is for 15% own funds, however exceptions are allowed for projects of particular significance.

The agreements were signed at an official ceremony by the partners in the SCF – Ms. Nadya Dankinova, Executive Director of FLAG Fund and of FSUD, and Mr. Stoyan Stavrev, Executive Director of the BCO, as well as by Mr. Peter Andronov, UBB’s Chief Executive Officer.

On the occasion of the announcement of the new financial instrument Peter Andronov, UBB’s Chief Executive Officer, stated:„ The co-funding of over 40%, to be provided by us as a financial intermediary, proves our willingness to support projects of social significance that are going to improve the quality of life in Bulgaria. We expect this new type of financial instrument to be applied as an ever-expanding practice within the new cohesion policy of the EU after Y2020“.